Bitcoin

Bitcoin Trivia #1

BitCoin
BitCoin
  1. 限定供給: The maximum supply of Bitcoin is capped at 21 million coins. This design is intended to mitigate the risk of inflation.
  2. Lost Bitcoin: It is estimated that millions of bitcoins have been lost forever to date. This refers to bitcoins that have become inaccessible due to forgotten wallet passwords or damaged hard drives.
  3. Satoshi's Bitcoin: It is said that there are approximately 1 million bitcoins in the address believed to belong to Satoshi Nakamoto. Since these bitcoins have not been moved, it is unclear whether Nakamoto intends to use them.
  4. Halfinning: Approximately every four years, an event occurs in which Bitcoin’s block reward is halved. This serves to further limit the supply; the initial reward was 50 Bitcoin, and it is currently 6.25 Bitcoin.
  5. First Business Transaction: In 2010, a user purchased two pizzas for 10,000 bitcoins—the first publicly known commercial transaction using Bitcoin.
  6. The Vast Number of Private Keys: The number of possible combinations of Bitcoin addresses and private keys is enormous, making it practically impossible for a human to try them all.
  7. Quantum Computer: There are concerns that the advent of quantum computers could threaten Bitcoin’s cryptography. However, the Bitcoin protocol can be updated to incorporate stronger cryptographic technologies.
  8. Bitcoin's Energy Consumption: It is often pointed out that Bitcoin mining consumes enormous amounts of electricity. This is sometimes raised as a concern for the environment.
  9. Mining in China: At one point, China accounted for the majority of Bitcoin mining, but recently, mining activities have been shifting to other countries due to environmental concerns and regulations.
  10. 多重署名: Bitcoin transactions offer a multi-signature option that requires multiple keys. This enhances the security of funds.
[EN MOCK]
RedotPay $5 Cash Back When You Apply for a Card — Sign-up Bonus When You Apply Through an Authorized Agent